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11.12.2009 BULGARIAN PROPERTIES: The Bulgarian Property Market in 2009 - Latest Figures, Overview and Future Trends
Polina Stoykova, Chief Operations Manager, BULGARIAN PROPERTIES
The total number of deals BULGARIAN PROPERTIES realized in the country is only 15% less compared to October. This result differs from previous years when the number of new deals in October was always much higher compared to November.
According to BULGARIAN PROPERTIES the most important events on the market in 2009 – a year after the beginning of the crisis, are as follows:
• 40% decrease in the number of concluded deals in the country for the period January-November 2009 compared to the same period in 2008;
• 32% decrease in the average price of concluded deals with residential properties in Sofia in 2009 until the end of November compared to 2008 (65,400 Euro in 2009 compared to 96,200 Euro in 2008);
• 13% decrease in the rental levels of residential properties in Sofia (for the period January-November 2009 compared to the same period in 2008) and retention of the rental levels in Varna;
• 30% decrease in the rental prices of commercial properties (offices and shops) in Sofia and Varna;
• Over 50% decrease in the prices of Bansko apartments and 30% decrease in the prices of Sunny Beach apartments;
• 35% decrease in the average price of rural properties around the country for the period January-November 2009 compared to the same period in 2008.
• An increasing number of offers with discounted prices.
According to the company in 2010 the property market will continue to follow directly the development of the country’s economy so when the economy starts coming out of the crisis the real estate market will start recovering as well.
If you wish to read the full analysis and the 2010 forecasts, please click here.
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20/February/2012
bulgariaski.com
A lot of snow, music, shows on the ski runs and a real constellation of famous stars - this is how Bulgaria's top ski resort of Bansko looked before the start of the World Ski Cup.
The legendary skier Alberto Tomba arrived in Bansko just a few hours before the ski race. Tomba first arrived in Sofia and was transferred to Bansko by a helicopter. Bansko also welcomed half of the mem... read more
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02/November/2011
www.novinite.com, 1.11.2011, excerpt
Bulgaria's budget deficit has declined by 46% in the first three quarters of 2011 year-on-year, according to latest data of the Finance Ministry.
Thus, in January-September 2011 Bulgaria accrued a deficit of BGN 826 M compared with BGN 1.51 B (a decline of BGN 692 M) in the same period of 2010.
In the first three-quarters of the current year, Bulgaria's national budge... read more
21/June/2011
pochivka.com
A new terminal is planned to be constructed at Varna Airport at the end of the summer. It will be built by the concessionaire of Varna Airport and the terminal will cost 30 million Euro.
The aim of the construction of the new building is to offer more amenities to the passengers, modern systems for luggage servicing, commercial areas and a fun zone. The interior of the terminal wil... read more
05/March/2012
Stroitelvo Imoti, vol.9, 27.02.2012
In the past week the world was watching Bulgaria and the ski resort of Bansko, it being the host of the Alpine Skiing World Cup. For the first time in Bulgaria there were four competitions – the men’s slalom and giant slalom and the women’s downhill and super giant slalom – featuring all the best ski... read more
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